Apple now world's second-largest company

Apple is now the world's second-largest company, in terms of market value.

In after-hours trading on the US's tech-heavy NASDAQ market, Apple's share value hovered around $293 per share. At that level, Cupertino's market value comes in at over $267bn, surpassing the former number two, PetroChina, which is valued at a paltry $265.5bn.

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Almost exactly 13 years ago, when asked what he would do to fix the then-ailing Apple Computer, Michael Dell famously told a crowd of IT execs: "What would I do? I'd shut it down and give the money back to the shareholders."